Nordic Transport Group A/S signed an agreement to acquire Gondrand Holding AG on January 22, 2018. As a part of the acquisition, Nordic Transport Group will acquire all operational entities of Gondrand Group. Gondrand France with its German subsidiaries Monnard Spedition and NGL Navigator Global Logistics will be unaffected by the acquisition. Post-closing, Gondrand will continue its activities of real estate and other diverse fields of business. All of the business units to be acquired will continue to operate under their original name. In 2017, Gondrand revenue was DKK 1.65 billion. The acquisition is still subject to the approval by the competition authorities and regulatory approval. As of April 5, 2018, Nordic Transport Group received the regulatory approval for the acquisition of Gondrand Group. The closing is expected by the end of the first quarter of 2018.